How to Avoid Bank Fees

Banks now make a big piece of their revenue from those little fees they charge you here and there. A savvy consumer can get out of paying them. Most banks are making much of their money from inconvenience or convenience. More than a third of bank revenue now is generated from fees on consumer accounts. A wise customer can take advantage of the services banks are offering without paying fees.

Typically most of the heavy fees will show up on your checking account. You can negotiate with the bank to remove them. They do not want to lose you as a customer. So speak up you have nothing to lose. Worst case you can go to another bank.

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Countrywide to be bailed out by Bank of America

The rumors still continue to swirl about Countrywide heading towards filing bankruptcy. Bank of America stepped in with a 4 billion dollar bail out plan. The last thing this country needs is a big bank failure. This would only fuel more financial uncertainty in the current credit crisis in this country. The merger wouldn’t seem to have much that that the regulators could bark about. Well, there is one thing. The total deposits held by BofA is about 9.88% of all US deposits. The limit is 10%. If Bank of America takes Countrywide on, that would probably put them over the top. I think they may have to overlook it in this instance. To much in the credit markets is at stake.

What do you think Countrywide should do?

Additional Articles

Stopping Junk Mail from Bank of America

I have tried everything to get BofA to stop sending me their junk mail. I have literally been on the phone for hours. They are like a dumb animal. Seriously if you have any tips on getting Bank of America to stop sending me their crap I would appreciate it.

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